The Evaluation of The Impact of The Covid-19 Pandemic Period on Performance of Porfolio Management Companies

Hilal Ok Ergün; Zekiye Aktaş; Ahmet Kurtaran

Makale detayları

The Evaluation of The Impact of The Covid-19 Pandemic Period on Performance of Porfolio Management Companies

Yazarlar:

Hilal Ok Ergün | Zekiye Aktaş | Ahmet Kurtaran

Yayıncı:

Anadolu University

Ana Başlıklar:

Finansal Kurumlar | Finans

Dergi:

Anadolu Üniversitesi Sosyal Bilimler Dergisi Vol.24 Issue 4, pp.1405-1428

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001334316

pISSN:

2667-8683

Anahtar kelimeler:

Özet:

 The purpose of this study is to evaluate the relative performance of the portfolio management companies traded on BIST. Using data envelopment analysis, the study covers the period between 2019 and 2022. In the study investigating the impact of the COVID-19 pandemic period on the performance of portfolio management companies, the period of 2019 is considered as pre-COVID-19 pandemic, the years 2020 and 2021 as the COVID-19 pandemic period, and the year 2022 as the post-COVID-19 pandemic period. Within the scope of data envelopment analysis, outout oriented BCC and CCR models based on constant and variable returns to scale were used in the study and efficient firms were identified. According to the results of the CCR model based on constant returns to scale, 31 of the firms in the pre-pandemic period, 24 in the pandemic period and 17 after the pandemic achieved full efficiency. According to the results of the BCC model based on variable returns to scale, 51 of the analyzed firms continued their activities effectively before and during the pandemic, while this rate decreased to 31 in the post-pandemic period. In this context, it has been concluded that the COVID-19 pandemic period had an impact on the relative performance of portfolio management companies.

 The purpose of this study is to evaluate the relative performance of the portfolio management companies traded on BIST. Using data envelopment analysis, the study covers the period between 2019 and 2022. In the study investigating the impact of the COVID-19 pandemic period on the performance of portfolio management companies, the period of 2019 is considered as pre-COVID-19 pandemic, the years 2020 and 2021 as the COVID-19 pandemic period, and the year 2022 as the post-COVID-19 pandemic period. Within the scope of data envelopment analysis, outout oriented BCC and CCR models based on constant and variable returns to scale were used in the study and efficient firms were identified. According to the results of the CCR model based on constant returns to scale, 31 of the firms in the pre-pandemic period, 24 in the pandemic period and 17 after the pandemic achieved full efficiency. According to the results of the BCC model based on variable returns to scale, 51 of the analyzed firms continued their activities effectively before and during the pandemic, while this rate decreased to 31 in the post-pandemic period. In this context, it has been concluded that the COVID-19 pandemic period had an impact on the relative performance of portfolio management companies.

 The purpose of this study is to evaluate the relative performance of the portfolio management companies traded on BIST. Using data envelopment analysis, the study covers the period between 2019 and 2022. In the study investigating the impact of the COVID-19 pandemic period on the performance of portfolio management companies, the period of 2019 is considered as pre-COVID-19 pandemic, the years 2020 and 2021 as the COVID-19 pandemic period, and the year 2022 as the post-COVID-19 pandemic period. Within the scope of data envelopment analysis, outout oriented BCC and CCR models based on constant and variable returns to scale were used in the study and efficient firms were identified. According to the results of the CCR model based on constant returns to scale, 31 of the firms in the pre-pandemic period, 24 in the pandemic period and 17 after the pandemic achieved full efficiency. According to the results of the BCC model based on variable returns to scale, 51 of the analyzed firms continued their activities effectively before and during the pandemic, while this rate decreased to 31 in the post-pandemic period. In this context, it has been concluded that the COVID-19 pandemic period had an impact on the relative performance of portfolio management companies.

 Bu çalışmanın amacı BIST te işlem gören portföy yönetim şirketlerinin göreli performansının değerlendirilmesidir. Veri zarflama analizinin kullanıldığı çalışma, 2019-2022 arası dönemi kapsamaktadır. COVID-19 pandemi döneminin portföy yönetim şirketlerinin performansına etkisinin araştırıldığı çalışmada, 2019 dönemi COVID-19 pandemi öncesi, 2020 ve 2021 yılları COVID-19 pandemi dönemini, 2022 yılı ise COVID-19 pandemi sonrası dönem olarak ele alınmıştır. Çalışmada, veri zarflama analizi kapsamında, çıktıya yönelik ölçeğe göre sabit ve değişken getiriyi esas alan BCC ve CCR modelleri kullanılmış olup ölçeğe göre etkin firmalar tespit edilmiştir. Ölçeğe göre sabit getiriyi esas alan CCR modeli sonuçlarına göre pandemi öncesi dönemde ele alınan firmaların 31i, pandemi döneminde 24ü ve pandemi sonrasında da 17si tam etkinliğe ulaşmıştır. Ölçeğe göre değişken getiriyi esas alan BCC modeli sonuçlarına göre, analiz kapsamına alınan firmaların 51i pandemi öncesi ve pandemi süresince faaliyetlerini etkin bir şekilde sürdürmüşken, bu oran pandemi dönemi sonrasında 31e gerilemiştir. Bu doğrultuda, COVID-19 pandemi döneminin portföy yönetim şirketlerinin göreli performansına etkisi olduğu sonucuna varılmıştır.

Makale detayları

The Evaluation of The Impact of The Covid-19 Pandemic Period on Performance of Porfolio Management Companies

Yazarlar:

Hilal Ok Ergün | Zekiye Aktaş | Ahmet Kurtaran

Yayıncı:

Anadolu University

Ana Başlıklar:

Finansal Kurumlar | Finans

Dergi:

Anadolu Üniversitesi Sosyal Bilimler Dergisi Vol.24 Issue 4, pp.1405-1428

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001334316

pISSN:

2667-8683

Portfolio Management Companies

Data Envelopment Analysis

Efficiency

COVID-19 PandemicPortföy Yönetim Şirketleri

Veri Zarflama Analizi

Etkinlik

COVID-19 Pandemisi

Sayı

Makale detayları

Yazarlar: Hilal Ok Ergün | Zekiye Aktaş | Ahmet Kurtaran

Yayıncı: Anadolu University

Ana Başlıklar: Finansal Kurumlar | Finans

Dergi: Anadolu Üniversitesi Sosyal Bilimler Dergisi Vol.24 Issue 4, pp.1405-1428

Belge Tipi: Makale

Yayın Tarihi: 12/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001334316

pISSN: 2667-8683

Sayı

Yazarlar:

Hilal Ok Ergün | Zekiye Aktaş | Ahmet Kurtaran

Yayıncı:

Anadolu University

Ana Başlıklar:

Finansal Kurumlar | Finans

Dergi:

Anadolu Üniversitesi Sosyal Bilimler Dergisi Vol.24 Issue 4, pp.1405-1428

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001334316

pISSN:

2667-8683